Plains GP Holdings LP (NASDAQ: PAGP) is -2.83% lower on its value in year-to-date trading and has touched a low of $16.60 and a high of $22.31 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PAGP stock was last observed hovering at around $17.60 in the last trading session, with the day’s gains setting it 0.26%.
Currently trading at $17.86, the stock is -0.70% and -5.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.17 million and changing 1.48% at the moment leaves the stock -7.60% off its SMA200. PAGP registered 0.90% gain for a year compared to 6-month loss of -6.39%. The firm has a 50-day simple moving average (SMA 50) of $18.9488 and a 200-day simple moving average (SMA200) of $19.3305.
The stock witnessed a 0.00% gain in the last 1 month and extending the period to 3 months gives it a -16.15%, and is 0.28% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.32% over the week and 1.90% over the month.
Plains GP Holdings LP (PAGP) has around 4200 employees, a market worth around $13.58B and $50.17B in sales. Current P/E ratio is 24.34 and Fwd P/E is 11.26. Profit margin for the company is 0.29%. Distance from 52-week low is 7.56% and -19.93% from its 52-week high. The company has generated returns on investments over the last 12 months (1.47%).
The EPS is expected to grow by 200.17% this year.
Plains GP Holdings LP (PAGP) Top Institutional Holders
384.0 institutions hold shares in Plains GP Holdings LP (PAGP), with institutional investors hold 87.10% of the company’s shares. The shares outstanding are 197.74M, and float is at 192.26M with Short Float at 4.22%. Institutions hold 84.76% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 5.48 million shares valued at $103.14 million. The investor’s holdings represent 2.782% of the PAGP Shares outstanding. As of 2024-06-30, the second largest holder is TORTOISE CAPITAL ADVISORS, L.L.C. with 11.67 million shares valued at $219.57 million to account for 1.4806 of the shares outstanding. The other top investors are MASSACHUSETTS FINANCIAL SERVICES CO /MA/ which holds 10.02 million shares representing 1.2721% and valued at over $188.66 million, while ENERGY INCOME PARTNERS, LLC holds 1.2696 of the shares totaling 10.0 million with a market value of $188.28 million.
Plains GP Holdings LP (PAGP) Insider Activity
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